The Future of AgriBanking: Monitoring Australia's Farms from Space

Global & Future Trends
Industry Knowledge
CPD: 1 Hour(s)

Agriculture is a sector that is constantly exposed to various risks such as climate change, natural disasters, and other unforeseeable events. To mitigate these risks and create emerging opportunities, new technology is now available to monitor pasture and crop growth rates, benchmark farm performance, and analyse the frequency and types of risks that affect key financials at a national scale or zoom down to a farm level.

By adopting an automated, data-driven approach, this technology can identify opportunities and help make strategic moves in the industry. Enabling bankers to focus more on relationships rather than regulation, speed up core areas such as annual review process and originations by already having decades of knowledge on a new customer.

This approach future proofs compliance requirements and can revolutionise the entire approach of Agriculture banking.

Join this session to hear how Lachlan Vogt created this new technology and how it could change the future of Agribanking.

Participants may be able to apply 1 hour towards meeting their annual continuing professional development obligations. It is the individual's obligation to determine relevance of CPD to their license conditions. Please see our terms and conditions and privacy policy.

Speaker

Lachlan Vogt

Managing Director, Aigorithm

Lachlan Vogt has over a decade of experience in technology advisory services in financial services, with a focus on Artificial Intelligence and Geospatial Data Engineering from both hands on technology lead to wring strategy and architecture.

As the Managing Director of AIgorithm, Lachie is dedicated to bringing together vast amounts of valuable data on farms and environments to address numerous specific banking issues and keeping it simple to use across the bank without the need to be an agronomist.

Before founding AIgorithm, he wrote the AI Strategy course for RMIT and worked at NAB in the Data and Analytics space of business and private banking, particularly in Agribanking, Climate Change Risk,

Credit Risk, Price Optimisation, and Marketing Leads. He also has experience working at Accenture, where he helped solve core banking problems from technology lead to writing technology strategy for CDOs.

Owen Dingle (Moderator)

Partner, Mazars

As a partner in Mazars Brisbane’s Financial Advisory Team Owen enjoys working with clients across many parts of their business from debt advisory, business consulting, corporate finance and succession planning.

Prior to commencing at Mazars, Owen worked in Banking for over 17 years and gained deep experience in Business Lending, Relationship Management, Risk and Governance. This experience places Owen in a strong position to act as an advocate for clients when managing their banking relationship. These skills have regularly been deployed to assist Owen’s clients to grow by positioning them with the right loan facilities, a suitably skilled banker for their industry and confidence to ask for the best price with knowledge of how banks price for risk .

At Mazars, we assemble a strong team that bring to the table a unique and evolving skillset tailored to our clients’ needs and the work undertaken for them. Mazars is more than just numbers, our evolution of services is driven by the needs of our clients and our relentless pursuit of achieving advantageous outcomes.